Yellen to Testify Before Congress

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... the ... the Reserve's rate to a ... knee Fed Chairwoman Janet Yellen ... to testify to Congress Tuesday and Wednesday ... will tell you everything you need to watch out for ... your Monday afternoon news have I'm Sara Mary what he dove right to our Chief Economics correspondent John Hills unwrapped our Janet Yellen preview John thanks for joining us ... sure things get items for today ... I think ... that what ... they're expecting ... it ... to you and yes that Ginny on to address in your testimony is that declines seen in the unemployment rate and it's up to restrain inflation when watching from afar Commonfund ... we know what what Yellen emphasized in her press conference a few weeks ago was that she's watching how fast the economy convergence to the Fed's goals what that means is ... UPS's inflation gearing up to the two percent going how passes unemployment ... getting down to around five and a half percent five percent which is where the Fed wants to see it ... and it back to the matter is unemployment The unemployment rate has been falling a lot faster than the Fed expected ... what we really need to hear her say tomorrow or what what we really need to hear her do is explain what he she may Cadinha's does this mean ... that the unemployment rate is falling faster ... than expected does this mean an interest rate increases again a come sooner than the Fed expected the end of aisle twenty eighteen for interest rate ... hikes and Randy played out in your story today that there is some disagreement that some chatter about whether that might be a little bit sooner ... than you think Yellen in the next two days when the signs coming out of her that might signal that a rate hike is coming soon in twenty fifty ... was really this unemployment rate debate because that's Woodstock cause the chatter Etihad officials like gym Bullard saying ... he and former it's come down more than the expected there for them to move rates up sooner I mean ... I don't mean very few people right now are talking that twenty fourteen we have to be very clear about that ... but the expectation that in the market which the Fed is encouraged is maybe made twenty fifteen ... well they they move about system earlier part to the first half of twenty fifteen if the economy looks like its star and they realize ... the Denel ITE she's still out there and even those teeny on a plane or a falling we haven't seen ... a faster ... and faster number for economic growth and how he explains ... well I mean that's the that's the thing that I know that I want to hear Yellen explained ... because it's a real puzzle ... you know ... the economy contract in the first quarter ... and yet we had five straight months of really ... strong job growth than in excess of two hundred thousand each month ... and how did she explained that is ... the simple explanation is that productivity growth is really strong right now is really weak right now I'm sorry ... and that's the case that has important implications for monetary policy it suggests ... earlier rate hikes but also suggests the ones they do start increasing ... they actually stop the increases ... earlier than they had they been might've expected in the past I yell ... they don't push rates up very much this time around ... I things done downloading the Senate Banking Committee tomorrow morning at ten a and and ... House financial services Wednesday at Tan ensure legal here with me then things for joining us ... thanks to ... it's un natural in the markets ... stocks on the rise day after that it expected earnings report from Fiji trip less than use the bank plans to settle in the U S government for seven billion dollars over accusations that it misled investors ... actually hitting a fresh intraday high today and that one seven zero eight eight ... a little bit lower than that led that its twenty oh five five is decide they're on the Nasdaq also up for the day at twenty four points at half a percent ... the SNP also ending the day at nine went for lesson half a percent ... we that minute and a second ... Army Sargent Bowe Bergdahl is heading back to regular duty the army announcing today Bergdahl completed his so called reintegration process ... has to be how the Taliban for five years ... the setting an army post in San Antonio Texas ... joining us from Washington DC with more deatails is the law Street Journal's Felicia so it's we said thanks for being here ... I can hear ... the real that white Sergeant Bergdahl DDD life is going to be like now in this new role ... shares sell me a Lehigh Gas job ... on at the NCAA tourney of beads ... I the beginning administrative tax supporting the work of intervention and ... that's the spare and still be living in a non commissioned officer Derek Searcher typically at ... a factory and I and it's that share the bathroom and another died and I'm gonna army spokesman distracts me it's the style ... so theoretically help probably have her remain at a wooden two-thirds t tell the ... South ... it's the normal soldier and like everyone out there are no restrictions on hand at the base ... was there still is the army investigation going into why Bergdahl this occasion he isn't into thousandnine she is the concern about him returning to duty while the investigation is still ongoing ... shares sell ... big investigation is ongoing he had been soaking with investigators yet ... on an investigation ... is to put your app that there is a sixty day period that started on June thirteen said I would end on its ... at seventeen sixteen ... so that theoretically and August sixteen ... on a Friday expressed any concerns about that ... and ... by the access lanes still and knowing so the really ... come out of the investigation any signs of wrongdoing or the next steps we can expect ... on its own and what we heard that the fountains and can easily be treated they didn't find that you dine in any way that there is no wrongdoing when he was actually in captivity but they haven't ... Billy released information about ... that sort of less than twenty per hour period when he ... outlasted the fame before his capture and I still lot of unanswered questions carefully step things for joining us ... things are happening ... will that planning is out of thirty seconds ... Tce ... this is how the allure of rash that each additional enough to know where ... it turns out your I pad might just be the culprit ... I said in a from the Journal Pediatrics technical sometimes found in laptops and cellphones ... could be causing allergic reactions in children ... joining us with his take is Dr Matthews IRAs a gerontologist at the Ohio State University ... Acer being here Dr ... to do so the little bit of a an idea of what a nickel allergic reaction is like how serious is this ... isn't it you are you ready to be pretty severe ... in terms of how he she still ... is on the site includes ninety ... three doctors but that this is an eleven year old boy who had one of these grasses and found that the that will cause and I had ... to pry the lid on it can be the reason we're seeing more unequal allergies in children ... you know ... it could ... be a to say that these is the media reports today ... and is completely wrong ... soo looking in this report ... his rash was absolutely not caused by the act that what makes you think ... but when we look at it as another electronic devices in the matter nickel to be released is very conceivable that they can cause ranch on someone's hands where there for India that ... they are absolutely not in any sense ever going to cause a rash all over someone's body ... with no snoozing from this report ... is in addition to telling the parents to cover the I pad ... they also teach on alone at night ... the little guy is why they can get better not because the company I ... so what's your advice to parents who are more more are dealing with typical allergy in law to protect their kids what should they be doing ... to number one don't get your ears pierced ... there's a clear relationship you get your nearest years to get anything Peters ... your risk for becoming allergic to nickel opens through the roof if you do when your ears pierced ... make sure that once you get them pierced you'll use Gold Coast hearings were surgical stainless steel ... and don't ... switch to using cheap earrings in the future ... that will really determine ... the likelihood of your kid becoming allergic to nickel ... high taxes are things that I think I ... euro ... small comfort for Amazon and believe they can go on a smartphone market when it comes to who had the higher believe ... Amazon taking the lead ... the folks over at the dating app cables they enter the employees are fourteen percent more likely than average it takes ... as a possible connection cool weighs ... in at about seven percent above the average ... here with that and more about what's brewing over at NJ CEO and co ... founder adjusting the class ... test and thanks famous for being here ... cause the strategists at what age you decide you wanted to didn't say you had the hottest employee that title cut tech companies led by the analyst is you know we with unity is an interesting Lee is where ... he was the only ... sort of being kind of ... and company are half that ... actually knows where its use is working really for the school and when you look at the same effect from a ... NSR at the top of the listener ... into goo goal when it was Micra soft Amazon Apple came in the bottom on both sides of the things I the battle with surprise I mean I don't know I've I've been to honor the ... faces of the reasons I that ... I don't know I find the large sample size ... let me come and let the presiding outlook ... hinges up to right right as a kind of focused on being ... the less creepy dating app as a pencil if a ... team carries a snatch of friends of friends face-to-face profiles each is close ... to four point five million dollar round of funding ... was unappealing new crop of the social network to twenty yet people were really trying to be the place where they go to place for you go to ... meet new people and take those ... relationships and offline so Facebook is time to go to really maintain existing relationships ... we wanted feedback to find ... out why a lot of big cities where is the evil people places like New York Washington DC where there is ... a bar scene ever that is so whiny think that people still need something like this not just for dating a chance to be on the truly because the best connections we find usually come from not the bars and restaurants that much more of a ... house parties and alumni events and weddings and and that kind of ... event and we want to replicate that ... so the kinds of people who are within your social circles ... or when to school and those kinds of things that Christie this is the new buy or sell the ... things you take into account is the key as it ... typically takes into account who is close to you at any given moment I know what ... so it's much more about the are connected through and we learned to sever times who is U ... of use the app nice when you start saying I don't like this person I like this person we can start learning ... well you might bills friends in on John's friends or ... you like lawyers and non thinkers are you I ... you know people from the West those that oppose the people I come from southern states and as you and so that's that's me ... I ... it's free to sign up for this to visit yet so if a thirty five thousand it matches the day ... you'll be on the venture stage funding into into play I actually Monti's this money ... yet it's frightening for now were were really really focused on growth ... and we saw were on the nine cities of those points will be launching a month cities and continued to blanket ... of all the product but ... eventually will certainly Mana ties and I ... um ... you know as you probably expected advertising through ... a subscription service ... it's hard to ignore so the flaps that an area dealing with right now there is a controversy about ... whether this ... team now was the founder and co founder not a new there's all that these loss experienced risk to your perspective how porn is it to happen when in helping to develop the next season applique and proceed ... because of its many complaints that tender is turning into this kind of creepy ways to land in here to ... read ... I love ... so I think that we ... we we we have ... when employees and more importantly I think the ... view of the when the uses of the app ... really really really like it because it fuels validated and say ... and accountable ... so you don't see on his legacy on the outside everything gets back to you message people and have been cool friend of the things that I did ... so and ... so I think you know when is the reason on the app we had in fact even more women than men on the app which is not true for most dating apps ... so I think that that's ... the interesting reflected by the BCC the next chapter in history Justin thanks for joining us from the ... fact that Korea Monday acting is how it will be right back here tomorrow morning I'm Sara Mary